27-28-29 February 2020 | Tuyap Exhibition Center | Istanbul | Turkey

5th International Exhibition for Fastener and Fixing Technology

The Fasteners Market in Turkey

Turkish Market Overview

Turkey is the sixth largest economy compared to EU countries, supported by a strong automotive and machinery sector, which is driving up industrial fastener demand.

Turkey is the sixth largest economy compared to EU countries, supported by a strong automotive and machinery sector, which is driving up industrial fastener demand.

Turkey is the sixth largest economy compared to EU countries, supported by a strong automotive and machinery sector, which is driving up industrial fastener demand.

Ranked the fifth biggest producer of motor vehicles in Europe and fifteenth in the world in 2018, key automotive manufacturers base their R & D, design and engineering activities in Turkey.

Turkey is also a leading machinery manufacturer, ranked the sixth largest in Europe, with machinery, electrical machinery and equipment exports worth $24.5 billion in 2018, accounting for 14.6% of total exports. The value was up 14.5% on 2017 levels.

The iron and steel industry plays a key role in the Turkish economy too, with the country being the eighth biggest steel producer worldwide in 2018. Exports were worth $11.6 billion, making up 6.9% of total exports. It was the fastest growing export sector that year, up 40.6% on 2017 levels.

The construction and contracting sector is another important industry for Turkey, ranked 28th in the world.

These sectors are major users of industrial fasteners, making Turkey a key market for industrial fasteners and the outlook is positive.

Despite a recent slowdown, Turkey’s GDP reached $2.29 trillion in 2018 (PPP), and it is forecast to rise by 2.2% in 2020. It has a customs union with the EU, enabling it to increase industrial production for exports, with its main export partners being Germany, the UK, UAE, Iraq, Italy, France and Spain. Its key import partners are China, Germany, US, Italy and Russia.

Turkish Industrial Fastener Facts and Figures

  • Turkish industrial fastener sales are set to climb by 26.4% from 2020 to 2025, to reach $1.34 billion, driven by growth in manufacturing activity, a study on industrial fasteners by the Freedonia Group shows.
  • Out of this total, standard fastener sales will reach $1.32 billion, with externally threaded fasteners accounting for the biggest chunk of this at $755 million. Likewise, the global fastener market is predicted to expand at a rate of 4% annually over the period 2020 to 2025, to total $99.5 billion by 2025.
  • Shipments of fasteners from Turkey will rise sharply too by 34% from 2020 to 2025, to reach $805 million, accounting for 34.4% of total African/Mideast industrial fastener shipments, the study shows.

 

Source:  Global Industrial Fasteners Report by Product and Market, 9th Edition, Freedonia Group

Latest news

  • It was a very productive show for us. We look forward to the next edition.
    Sakip Buyukocal
    5S Ideal Baglanti Elemanlari
  • Fastener Fair Turkey is the best place to meet the Turkish specialists of the Fastener industry. We also established interesting contacts with professional visitors coming from neighbouring countries.
    Mario Caracciolo
    NOF Metal Coatings Europe
  • Fastener Fair Turkey is always meeting our expectations because increases awareness of our brand through existing customers in Turkey and allows us to build new relationships with potential customers in this important market.
    Massimo Agrati
    Dimac SRL
  • We exhibited for the first time at Fastener Fair Turkey and attracted a lot of business deals. Thank you to all the organisers.
    Aylin Civici
    Sistem Makine
  • Fastener Fair Turkey grows year on year, aiming to become one of the best shows.
    İdris Tigili
    Teknoform Baglanti Elemanlari
  • A very good opportunity to develop our existing relations in the fastener and fixing sector and to establish new connections with international exhibitors.
    Murat Tanoglu
    Tekelioglu Cıvata
  • Like the previous editions, Fastener Fair İstanbul 2018 was very efficient. All the players in the fastener industry were present at the show. We acquired new job opportunities as well as met with OMEs. We were very happy with the high numbers of participants and visitor
    Burak Oğraş
    MAGNI EUROPE

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